Delaware Filing Confirms Lyft Is Raising $150 Million In Series D Financing

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On-demand ride-sharing startup Lyft has raised, or at least is in the process of raising, a new round of funding, according to a filing from the Delaware Division of Corporations. The new financing comes on top of about $83 million that the company has raised since being founded as Zimride back in 2007.

Details are scarce — there’s no mention of who exactly put money in — but we had previously heard that Lyft was looking to raise up to $150 million in this round. The filing seems to bear that out: For its Series D, Lyft is issuing 14,804,726 shares at a price of $10.1319 per share.

That’s a big premium over its last financing round, in which it raised $60 million led by Andreessen Horowitz, at a price of $4.2474 per share.

We’ve heard the lead investor this time around is Coatue Management, one of the growing list of hedge funds that have taken to investing in high-flying startups. Previously, Coatue had put money into Box, Snapchat, and HotelTonight.

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Crunchbase

OverviewLyft is a fast growing ridesharing company in the U.S. and is available to 95 percent of the US population. The company designs, markets, and operates a mobile application that matches drivers with passengers who request rides, and also allows payment through the app. It also allows riders to schedule rides up to seven days in advance.
Its services is primarily focused on college, university, and …